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This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $58,695 initial cash invested.
-5.77%
Cash On Cash
5.5%
Cap Rate
0.89
DSCR
$2,594
Rent
-$282
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,594 income − $2,876 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,695
Downpayment
20%
$55,900
Closing costs
1%
$2,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$2,876
Mortgage P&I
55%
$1,433
Property Taxes
26%
$670
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0